Category Archive: Finance, No picture
Bean Mania: Arabica Coffee Hits New High, Cocoa Jumps To 7-Month High
Photo by Alexandre Brondino on UnsplashCash-strapped US consumers should be deeply concerned about rising food inflation. It’s ‘stickier’ than ever as coffee and cocoa prices surge.Arabica coffee futures in New York hit a record high on Tuesday, driven by ongoing fears of a global supply crunch. Prices surged nearly 5% during the session, reaching their highest level in data dating […]
Elliott Wave View: Dow Futures Looking For Further Upside
Image Source: UnsplashShort Term Elliott Wave in Dow Futures (YM) suggests rally from 11.5.2024 low is in progress as a 5 waves diagonal. Up from 11.5.2024 low, wave ((i)) ended at 44625. Pullback in wave ((ii)) ended at 42999. The Index has resumed the rally higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at […]
SEC’s Caroline Crenshaw faces intense opposition ahead of Senate vote
Key Takeaways Caroline Crenshaw is criticized for her stance against crypto and spot Bitcoin ETFs. The SEC faces leadership changes amid internal disagreements on crypto regulation. Share this article The Senate Banking, Housing and Urban Affairs Committee is set to decide on the reappointment of Caroline Crenshaw as SEC commissioner tomorrow. Crenshaw’s renomination, however, faces […]
Market Indexes Close In The Red Ahead Of CPI Data
Image Source: UnsplashMarket indexes spent most of the day riding flat trading levels after a mixed pre-market brought the positive Nasdaq and S&P 500 down and the Dow and small-cap Russell 2000 up by late morning. By an hour and a half before the closing bell, all major indexes were negative or heading there.By the closing […]
Calamitous Ratio
Image Source: UnsplashOur mutual friend LZ brought to our attention the ratio chart AMD/SMH, which is a thing of stellar beauty!More By This Author:ETF Review – Sunday, Dec. 8Ten Leaping LongsEnergy Victory
Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Dec 10
Image Source: UnsplashNot much to be added to the current analysis – the minuette 4th waves in the NQ and ES continue to unfold on Tuesday. While I do feel that additional downside is needed before the moves are complete there remains the potential that today’s afternoon lows completed the moves with the minuette 5th waves […]
Preparing For An Inflation Uptick
Image Source: UnsplashUS MARKETSUS stocks paused on Tuesday, with investors treading cautiously on the eve of a critical consumer inflation report that could dictate the Federal Reserve’s next move on interest rates. After a tumultuous year navigating relentless macroeconomic dynamics and a barrage of geopolitical shocks, traders are looking to wind down. Yet, the journey isn’t […]
WTI Remains Capped Below $68.50 On Disappointing Chinese Data, Surprise Climb In Crude Inventories
Image Source: Unsplash WTI trades with mild gains near $68.20 in Wednesday’s early Asian session. Discouraging Chinese economic data and a surprise climb in crude inventories drag the WTI lower. US crude stockpiles rose 499K barrels last week, noted API. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.20 on Wednesday. The […]
MicroStrategy to join Nasdaq 100 with $2.1 billion in ETF share buying expected
Key Takeaways MicroStrategy is set to join the Nasdaq 100 Index, with an official announcement expected on December 13. MicroStrategy’s Nasdaq 100 inclusion could drive $2.1 billion in ETF share buying. Share this article MicroStrategy is expected to join the Nasdaq 100 Index on December 23, with an official announcement scheduled for this Friday, December […]
Stocks Are Catching Their Breath Now – And You Should, Too
Image Source: Unsplash We’ve seen a big shift in sentiment over the past few sessions, with players moving from enthusiastically bullish to increasingly concerned with downside risks in the market.There’s no denying we’re extended way up here near the highs, and, at this point, I’d welcome a couple of weeks of sideways price action, the better […]
